A solid state magnetic memory system and method disposes an array of magnetic media cells in an array on a substrate. In an exemplary embodiment, drive electronics are fabricated into the substrate through conventional CMOS processing in alignment with associated cells of the array. The magnetic media cells each include a magnetic media bit and a magnetoresistive or GMR stack for reading the state of the media bit. Addressing lines are juxtaposed with the media bits to permit programming and erasing of selected ones of the bits. In at least some embodiments, sector erase may be performed.